{{ x.location1}},{{ x.location2}}

{{subcategory.title}}

50000+ Clients already assisted by Money Dial.

Find Your Own Financial Advisor, Trusted, Verified & Nearby.

Frequently Asked

Questions (FAQs) on

Life

What is Life Insurance ?

A life insurance policy is a risk coverage investment instrument which guards the buyer against the death or other mis-happenings & ensure a certain sum of amount to the family. Life insurance is a kind of financial security to the family. In legal terminology, life insurance is a contract or agreement between the buyer & the insurance company where the buyer commits to pay a certain amount for certain period for a sum assured (pre defined) as the risk coverage. In case of death or loss, that sum amount is paid by the Insurance company to the policy buyer’s family.

There are more than 1000s of Insurance Policies and what makes it more complex is that these policies can be customized by adding riders or additional benefits. Even before you think of buying a life insurance policy, you need to assess the value of your life so that you can buy the life insurance cover for you for the right amount. Being under insured doesn’t save you against the risk whereas getting over insured results in a financial loss to you. A Life Insurance advisor helps you understand the nuances of the life insurance policies, tells you a comprehensive comparison of policies across different companies and their benefits. Remember, lower premium is not the only criteria to buy a policy but even more important is to see the higher benefits & better claim settlement and these are all facilitated by an Insurance advisor.